TSMC surges sales by about 45% in July due to demand for AI chips

Sales of Taiwan Semiconductor Manufacturing (NYSE: TSM) in July were as demand for artificial intelligence chips used in AI products increased,Approximately 256.9 billion 50 million Taiwan dollars, up 44.7% from the same month last yearIt surged to

Since TSM, which produces chips for the world's largest high-tech companies such as Apple (AAPL), NVDA (NVDA), and AMD (AMD), had sales in June of 207.8 billion 70 million Taiwan dollars,23.6% increase from previous monthIt became.

Sales for the seven months from January to July 2024 reached 1.5 billion23 million Taiwan dollars, a sharp increase of 30.5% compared to the same period in 2023.

Amid a rapid increase in demand for chips for AI products, TSM's second quarter financial results are expected to exceed expectations, and earnings forecasts for the third quarter are also expected to exceed expectations. For the third quarter, against the company's cutting-edge process technologyStrong demand related to smartphones and AI is boosting the company's businessI anticipate that.